Kaiser Family Foundation Launches Online Health Reform Source to Explain, Ananlyze And Track The New Law's Implementation
posted by Michael Simonds on September 22nd, 2010 under Insurance Topics
What you should know about Long Term Care Insurance
posted by Nate Gutteridge on September 19th, 2010 under Insurance News
For those of you unaware of what long term care insurance is, here is a quick rundown. This is a type of insurance that can pay for medical expenses that arise beyond the typical medical or nursing expenditures. It normally is used for people who have long term medical disabilities.
Costs outside of medical and nursing expenditures can increase very quickly and overwhelm any person without significant resources. That is where long term care insurance comes into the picture. An example of different things long term care insurance could pay for might include: help around the house to do activities you cannot do because of your long term disabilities or potentially a nurse who may have to work at your home.
You need to think about this before you start to get the later stages of your life. M
Consumer Justice Alliance gathers members
posted by Michael Simonds on September 19th, 2010 under Insurance Topics
Legal expenses insurer, Elite, has joined the Consumer Justice Alliance (CJA) as one of seven founding members of an executive team.
The CJA aims to provide a united response to the Jackson Review by protecting the interests of those associated with personal injury claims.
The body believes that Lord Jackson’s recommendations on civil litigation “fundamentally endanger the ability of maimed victims to be properly compensated for personal loss or injury”, and the Alliance therefore intends to lobby on behalf of the personal injury litigation claims industry.
Elite, along with Harris Fowler, Wixted & Co, Gadsby Wicks Solicitors, Pro Legal, Glynns Solicitors, and ARAG will form the executive team.
10 Reasons to Update Your Insurance–Part 4
posted by Nate Legg on September 17th, 2010 under Insurance News
#7: Your Teenager Is Ready to Drive
Yikes. As scary as this scenario is, it’s puppies and lollipops compared to the car insurance rates you’re going to be paying soon.
Hopefully your teen will qualify for a good student discount that will take the sting of out your new higher rates. Beyond that, the only thing you can do is shop around and compare car insurance rates from multiple providers.
#8: Signing a New Lease on a House or Apartment
Many renters are under the impression that their possessions are insured by the property owner’s insurance. This just isn’t the case. If you’re renting, you need renters insurance to be fully protected. Plu
Joining Associations Can Help Your Agency
posted by Nate Gutteridge on September 15th, 2010 under Insurance News
Membership in an organization assigns someone a sort of immediate status and prestige. Joining local and national trade groups such as the American Insurance Association, the CPCU (Chartered Property Casualty Underwriter) Society, the Group Underwriters Association of America, the Health Insurance Association of America, and the National Association of Insurance and Financial Advisors, gives you instant credibility and puts you in the same category as thousands of other well-respected, prominent and likely profitable agents throughout your state if not the entire country. The dues you pay may seem to not buy you anything, but they do. What they buy you is a direct connection to other agents who have gotten where you want to be.
Guy Carpenter reports on European casualty insurance law
posted by Michael Simonds on September 15th, 2010 under Insurance Topics
Guy Carpenter & Company has released a report on the recent developments and trends in the Continental European legal environment that impact on the casualty insurance industry.
long-term care insurance PSA
posted by Nate Legg on September 13th, 2010 under Insurance News
North Dakota Insurance Commissioner Adam Hamm discusses long-term care insurance.
Government to Track Questionable Health Insurance Premium Hikes
posted by Michael Simonds on September 13th, 2010 under Insurance Topics
Health insurance companies are under scrutiny after the secretary of Health and Human Services, Kathleen Sebelius, announced plans to track those who push for unjustified rate increases. According to a letter issued by Sebelius to Karen Ignagni, the health industry’s top lobbyist, those companies that attempt to raise rates may be blocked from a new marketplace for insurance coverage.
Companies Keep Trying to Raise Rates
Earlier this week, some health insurance companies were asking for premium hikes that topped 20 percent as soon as next month to anticipate changes in the health care system like higher medical prices and more young adults dropping their policies, which they say will affect their own costs by up to nine percentage points.
In addition to asking for premium hikes, Sebelius said some insurers have started notifying enrollees that their premiums would be increasing next year as a result of the health care reform law’s new benefits.
She noted that these hikes won’t be tolerated and if the companies are caught, there will be consequences.
Insurers to Be Punished for Hikes
Sebelius said that in order to keep health insurance rates under control, the government plans to punish those companies to attempt to make unjustified rate hikes. If th